Search
Results for " "
Displaying 15 of about 159 resultsIn this Perspective, the authors characterize the market for landslide insurance prior to and following the 2015 Alaska landslide and describe four approaches that stakeholders might consider to make landslide coverage more available.Landslides pose a serious risk to lives and property in Sitka and other parts of Southeast Alaska. Although landslide ins…
This publication showcases four women in Malawi, Guatemala, Madagascar and Nicaragua who thanks to risk finance were able to overcome climate shock, build resilience, and help their families and communities. As climate change increases the probability of climate-related disasters, people living in vulnerable areas and whose livelihoods are dependent on…
This report provides a framework for how insurance for climate-related disasters can be made more inclusive in the U.S. The report is informed by interviews with disaster recovery and climate justice organizations, insurance law experts, state and federal insurance regulators, and insurers. Disaster insurance can be expensive, putting it out of reach of…
There has been no similar level of examination regarding how residential basement flooding might impact areas of interest to Life, Health and Disability insurers, such as mental and physical health impacts, and lost time from work. International studies have suggested there may be substantial impacts, but the full extent of these impacts and their finan…
Fundación Profin developed a comprehensive risk management solution for farmer populations in southern Bolivia. In this case a composite product with life, property and agricultural components was developed to be distributed through local financial institutions and cooperatives. Furthermore, the catalyzer role of Fundación Profin lead to broker partners…
Over the past 30 years in the Caribbean, floods and tropical storm damage affected 1.5 million people directly and caused over USD 5 billion in damage. The increasing frequency and intensity of extreme weather events stress societies and natural systems. On behalf of the International Climate Initiative of the German Ministry for the Environment, Nature…
This report aims to document the current state of the private residential flood insurance market in the US and identify the main factors influencing the number and form of flood insurance policies offered by the private market.
The federal National Flood Insurance Program (NFIP) underwrites the overwhelming majority of residential flood insurance polic…
This study analyses how to rectify the disproportionate debt impact that Severe Repetitive Loss homes, which only comprise a small proportion of insured properties and repeatedly flood after being rebuilt, have on the U.S. National Flood Insurance Program (NFIP). The authors posit that the NFIP contains an adaptive mechanism — the substantial impro…
Mining has important economic benefits for British Columbia, but it also comes with environmental risks. This paper argues that requiring “financial assurance” from mining companies can reduce the risk of disaster. Legislated financial assurance requirements oblige companies to commit funds against their environmental risks. Instruments can includ…
The wildfire risk landscape in Canada has changed rapidly. Each year between 2000 and 2014, an average of 13 000 Canadians were forced to evacuate their homes due to wildfires – more than double the figure in the 1980s. Evacuations skyrocketed in 2016 and 2017.
The number of people living in wildland-urban interface areas in Canada that are prone to wi…
The case study reveals the complementarity of risk prevention and risk reduction. Physical adaptation investments are key to adapt to climate change. However, not all risks can be avoided. Additional financial adaptation measures such as climate risk insurance offer an effective instrument for climate risk management. The need for climate adaptatio…
This study is focused on building resilience to floods in a changing climate. It points to the need for a paradigm shift from reacting to crises towards a risk-based, anticipatory, holistic and all-of-society approach to managing the potential impacts of catastrophes. As part of its commitment to strengthening socio-economic resilience to extreme events…
In 2020, flood risk may be overshadowed by the coronavirus pandemic and therefore not given the attention this pervasive risk deserves. This report offers steps to drive flood risk management into the future for a more protected and resilient planet, while the flood insurance gap is being closed in the United States of America.
To promote greater acces…
This study argues that the focus on insurance by developed countries is too narrow and comes at the expense of a serious consideration of other options. Insurance is only one tool in a much larger toolbox. The emphasis on insurance is also self-serving and diverts the focus from the failure of developed countries to provide adequate and predictable publ…
This brochure states that floods in Brazil pose increased risk to people, infrastructure and business. It describes how the floods affect the various regions and sectors highlighting the increased exposure to river flood and flash flood risk. It explains that the Southeastern states are particularly vulnerable also with regard to possible obstruction…